Forex wireless

South Korea%26#39;s National Bureau of Statistics announced on the 1st of data, as oil prices and other commodity prices rose, South Korea%26#39;s consumer price index to 10 are the fastest rate of growth.
According to Yonhap News quoted the National Bureau of Statistics reported that in July this year, South Korea%26#39;s consumer price index rose 5.9 percent, second only to November 1998 year-on-year increase of 6.8 percent, while the index on July ring Rose 0.7 percent.
South Korea%26#39;s consumer price index has eight consecutive months breakthrough in South Korea%26#39;s central bank set the target range. Analysts said the index in July rose to force South Korea%26#39;s central bank may raise benchmark interest rates to control the soaring prices. However, some people worry that this measure is likely to inhibit the already slow growth of the Korean economy.
South Korea%26#39;s central bank for this year%26#39;s inflation rate target range is set at 2.5% to 3.5%. To July so far, the bank has for 11 consecutive months of the benchmark rate will be controlled at about five percent. Discussion of the next interest rate adjustment meeting will be held next weekend.